Steve Lynch: “I am very pleased to rise, along with my colleagues Chairman Michael Fitzpatrick from Pennsylvania; our vice chair, the…”

“I am very pleased to rise, along with my colleagues Chairman Michael Fitzpatrick from Pennsylvania; our vice chair, the gentleman from North Carolina (Mr. Pittenger); the gentlewoman from New York (Ms. Velazquez); and also the gentlewoman from Arizona (Ms. Sinema), in support of H.R. 5594, a bill that will build on the administration's commendable efforts to counter the financing of terrorism. I would note that the proposal before us today, of which I am a cosponsor, also builds off of previous bipartisan legislation, led by the gentlewoman from New York (Ms. Velazquez), and former Financial Services Committee Chairman, Spencer Bachus. Together, their legislation, enacted in 1998, called for the creation of a national anti-money laundering strategy and laid the groundwork for the legislation that we present here today. Thanks to the continued leadership of Representative Velazquez and the work of members of the Financial Services Committee's Task Force to Investigate Terrorism Financing, which was created by the full committee chairman, Mr. Hensarling of Texas, and joined by the gentlewoman from California (Ms. Maxine Waters), our government will be required to continue its efforts to stay ahead of the evolving methods that terrorists and other bad actors use to conceal the movement of illicit funds.…”